RussianHelicopterssigns$1.2blnenginedealwithUkraine'sMotorSich

Russian Helicopters, which designs and manufactures civil and military rotorcraft, and Ukraine's Motor Sich engine-building firm have signed a $1.2 billion contract on the supply of Ukrainian engines for Russian commercial helicopters, Motor Sich head Vyacheslav Boguslayev said on Sunday.

Russian Helicopters, which designs and manufactures civil and military rotorcraft, and Ukraine's Motor Sich engine-building firm have signed a $1.2 billion contract on the supply of Ukrainian engines for Russian commercial helicopters, Motor Sich head Vyacheslav Boguslayev said on Sunday.

"We have for the first time signed a contract worth $1.2 billion for a period of five years. Neither we nor our Russian colleagues will be able to quit this contract under any scenario as it stipulates all legal consequences. On our part, we guarantee a qualitative fulfillment of this contract and on time," he said.

The contract was signed in Dubai at a major airshow in the Middle East, which started on Sunday.